Morning Market Outlook for Octanol

I. Key Points

1. Spot 2-EH (2-ethylhexanol) is currently in a loss position of CNY 277/ton, driven by firm propylene feedstock prices.
2. The overall operating rate of domestic 2-EH plants fluctuates around 73%.
3. Oct 9: Both the US and Iran stated that negotiations and dialogues are ongoing, easing market concerns; however, the impact of hurricanes on US crude oil production persisted, leading to an increase in international oil prices. NYMEX WTI November futures closed at USD 91.85/barrel, up USD 0.36/barrel (+0.39% WoW); ICE Brent December futures closed at USD 104.72/barrel, up USD 0.44/barrel (+0.42% WoW).

Core Logic: Strong cost support has prompted 2-EH producers to gradually raise their offer prices due to losses.

II. Price Table

Comparison of 2-EH and Downstream Product Prices

Unit: CNY/ton

Data Source: Chempricehub Information

Note: Prices for 2-EH, DOTP, and DOP refer to ex-factory cash-inclusive tax prices for National Standard Premium Grade products.

III. Market Outlook

Yesterday, the central price level of the 2-EH market rose. Post-holiday increases in 2-EH costs have widened losses for factory gate sales. Operating rates have been affected, with post-holiday restarts of 2-EH plants falling below expectations, resulting in slightly loose market supply. However, supported by costs, producers are reluctant to sell at low prices. It is expected that today’s low-price offers in the 2-EH market will gradually follow the upward trend.

IV. Data Calendar

Data Source: Chempricehub Information

Notes:

1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow-range fluctuations, highlighting data dimensions with changes within 0–3%.